Gamble Jones Investment Counsel Has $415,000 Stock Holdings in Schlumberger Limited. (NYSE:SLB)

Gamble Jones Investment Counsel reduced its stake in Schlumberger Limited. (NYSE:SLB) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,151 shares of the oil and gas company’s stock after selling 437 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Schlumberger were worth $415,000 at the end of the most recent reporting period.

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A number of other institutional investors also recently added to or reduced their stakes in the business. America First Investment Advisors LLC grew its position in shares of Schlumberger by 7.6% during the 3rd quarter. America First Investment Advisors LLC now owns 271,531 shares of the oil and gas company’s stock worth $9,278,000 after purchasing an additional 19,270 shares in the last quarter. CNB Bank grew its position in shares of Schlumberger by 17.2% during the 3rd quarter. CNB Bank now owns 17,063 shares of the oil and gas company’s stock worth $583,000 after purchasing an additional 2,509 shares in the last quarter. Thompson Investment Management Inc. grew its position in shares of Schlumberger by 14.7% during the 3rd quarter. Thompson Investment Management Inc. now owns 87,067 shares of the oil and gas company’s stock worth $2,975,000 after purchasing an additional 11,164 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Schlumberger by 41.6% during the 3rd quarter. SG Americas Securities LLC now owns 421,371 shares of the oil and gas company’s stock worth $14,398,000 after acquiring an additional 123,734 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Schlumberger by 15.4% during the 3rd quarter. First Trust Advisors LP now owns 325,469 shares of the oil and gas company’s stock worth $11,121,000 after acquiring an additional 43,490 shares in the last quarter. 76.31% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on SLB. TheStreet lowered shares of Schlumberger from a “c” rating to a “d+” rating in a research report on Friday, October 18th. Cowen reduced their price target on shares of Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Morgan Stanley set a $50.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Co reduced their price target on shares of Schlumberger from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Barclays set a $47.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $44.82.

In related news, CAO Howard Guild sold 9,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $35.36, for a total value of $318,240.00. Also, VP Simon Farrant sold 5,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $33.55, for a total transaction of $167,750.00. Following the transaction, the vice president now directly owns 20,316 shares of the company’s stock, valued at approximately $681,601.80. The disclosure for this sale can be found here. In the last three months, insiders sold 79,000 shares of company stock valued at $2,818,840. 0.48% of the stock is owned by insiders.

NYSE:SLB traded up $0.65 on Friday, hitting $35.36. The company had a trading volume of 7,595,336 shares, compared to its average volume of 12,442,109. The stock has a market capitalization of $48.05 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 3.26 and a beta of 1.49. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $33.84 and a two-hundred day moving average of $36.41. Schlumberger Limited. has a 52 week low of $30.65 and a 52 week high of $49.18.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.50 billion. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. As a group, equities analysts forecast that Schlumberger Limited. will post 1.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Wednesday, December 4th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.66%. The ex-dividend date is Tuesday, December 3rd. Schlumberger’s payout ratio is 123.46%.

Schlumberger Company Profile

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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